Why is Polylink Poly. falling/rising?

As of 11-Aug, Polylink Polymers (India) Ltd is experiencing a decline in its stock price, currently at Rs. 25.24, reflecting a decrease of -0.96 or -3.66%. The stock has hit a new 52-week low of Rs. 24.5 today and has underperformed its sector by -5.37%. Over the past week, the stock has decreased by -1.02%, and its performance over the last month shows a decline of -4.65%. The stock has generated a significant return of -40.96% over the past year, coinciding with a -37.8% drop in profits. Despite having an attractive valuation with a Price to Book Value of 1.9, the weak long-term fundamental strength, indicated by an average Return on Equity (ROE) of 4.83%, and a poor EBIT to Interest ratio of 1.73, contribute to the stock's downward trend.
In the broader market context, the stock's short-term performance has been worse than the benchmark, with the Sensex showing a decline of only -0.51% over the same week. Polylink's long-term performance is also concerning, as it has underperformed the BSE500 over the last three years, one year, and three months. The company's recent flat results, with a PAT growth of -50.94% and the lowest net sales in the last quarter at Rs. 20.66 crore, further highlight its struggles. Overall, the combination of poor financial performance, weak fundamentals, and significant underperformance relative to the market contributes to the stock's current decline.